The settlement scheme would conclude on February 25, 2026, the Securities and Trade Board of India (Sebi) stated in a press release.
The scheme goals to supply a settlement alternative to inventory brokers towards whom Sebi has already handed orders for buying and selling or facilitating buying and selling on the NSEL platform and are presently pending earlier than any authority or discussion board just like the Adjudicating Officer, Securities Appellate Tribunal, or the courts.
“This scheme is for settling solely the violations referring to the securities legal guidelines with none bearing on the issues, that are being investigated by different regulation enforcement companies, falling underneath their jurisdictions,” the regulator stated.
By choosing the scheme, these brokers may have a chance to resolve pending proceedings and produce them to an expedited conclusion.
Nonetheless, Sebi has specified that the scheme excludes brokers — particularly, these named in chargesheets filed by the Financial Offences Wing, Enforcement Directorate, or different regulation enforcement companies within the NSEL matter, in addition to these declared defaulters at inventory exchanges. To help stakeholders, Sebi stated that the incessantly requested questions (FAQs) associated to the NSEL settlement scheme can be accessible on its web site from August 25, 2025. The NSEL case pertains to a cost default on the commodity change platform that occurred in 2013. The large cost defaults affected roughly 13,000 merchants.
Final month, the board of Sebi authorized a proposal relating to the settlement scheme for brokers of NSEL.
